Cardano Whale Transaction Volume Spikes – ADA Price Direction Change Likely, Santiment Says
On May 12th, the Santiment analytics team observed an increase in Whale transactions on the Cardano chain, while the price dipped to the $0.40 level. The tweet even specified the times when this rise in transaction volume occurred – between 8 a.m. and 12 p.m.
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Santiment said that whale transaction spikes as such are often followed by ADA price reversal.
https://twitter.com/santimentfeed/status/1525197457847558144
currently, the top 7 coin ADA is trading at $0.5301 after recovering to the $0.6 zone from $0.4. At the moment, ADA is 82.72 percent below its historic peak of $3.10 reached on September 2.
This year, on January 18, the coin managed to rise to a high of $1.6.
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